Yahoo to lose three executives October 1, 2010 Yahoo Inc confirmed the departure of three senior executives, including US head Hilary Schneider, the latest in a string of high-level departures at the Web portal. The departures raise concerns about Yahoo’s efforts to revive its revenue growth and its popularity among Web surfers, nearly two years after CEO Carol Bartz took the helm, said [...]
Greek PM says country is “credible” for creditors October 1, 2010 Greece remains a country which is credible to its creditors, Greek Prime Minister George Papandreou has claimed. “If we had wanted to default, we would have done that. That would have been a decision we had made initially. But we made another decision, a decision not to default,” he said. “And this decision shows that [...]
Brewin Dolphin in trading boost as assets climb October 1, 2010 Private client investment manager Brewin Dolphin said fourth quarter trading had seen a health rise in assets under management. Total funds under management for the year to 26 September were £23.2bn, up 13.2 per cent from £20.5m last year. The company said it is looking forward to 2011 with confidence. A statement said: “Trading in [...]
Ireland bets all on £43bn bailout plan September 30, 2010 BANK of Ireland was forced to reassure savers their money was safe yesterday following the republic’s revelation that the cost of Ireland’s banking crisis could surge as high as €50bn (£43bn) – as it revealed further bailouts for Anglo Irish Bank, Allied Irish Banks and Irish Nationwide. “Customers can have confidence in Bank of Ireland [...]
I’ve been through hell, says Rok’s departing FD September 30, 2010 THE finance director of building and maintenance firm Rok yesterday spoke of his eight weeks of “hell” as he stepped down from the firm. “The whole experience has been hell. It’s put me through hell, its put my family through hell,” said Ashley Martin, as he reflected on the period since 11 August when he [...]
HP names the heir to Hurd September 30, 2010 COMPUTER maker Hewlett Packard has named Leo Apotheker, the former boss of software firm SAP, as its new chief executive. The surprise announcement last night sent shares in the American-listed firm down three per cent, as the company attempted to draw a line under its previous boss, Mark Hurd. Hurd left the company on 6 [...]
How the euro caused Ireland’s crisis September 30, 2010 THERE is one aspect of the Irish crisis that everybody appears to have forgotten about. Yet it goes a long way towards explaining Ireland’s problems. It is, quite simply, its membership of the dysfunctional single currency, an institution which it should never have joined. For years, sensible economists had been warning that the euro’s one-size-fits-all [...]
TfL: We’ll move Londoners September 30, 2010 TRANSPORT for London (TfL) has vowed to keep as many services operating on Sunday and Monday as possible as London Underground (LU) workers stage their latest strike. If the 24-hour stoppage by LU workers goes ahead on Sunday evening at 7.00pm, the TfL said it will provide one hundred extra buses, marshalled taxis and increased [...]
iPad chemical firm plans to float in London September 30, 2010 AZ Electronic Materials is planning to list in London, the Financial Times reports this morning. The chemical company that provides materials for flat panel displays such as the iPad could be one of the biggest flotations in the City this year. AZ is owned by private equity groups Carlyle and Vestar Capital Partners, and makes [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 30, 2010 FINANCIAL TIMES BUSINESS CALLS FOR REVIEW OF CURBS ON MIGRANTS New rules that restrict companies from hiring foreign workers must be “reviewed immediately”, the CBI employers’ body said, putting the business lobby on collision course with the government. The Home Office imposed a temporary limit on skilled workers coming to Britain from outside the European [...]
